$TRUMP I think the next beast is ready to break 20 and can go more up I have entered tell me about your opinion down in the comment box I think you should also enter now
$TRUMP I think the next beast is ready to break 20 and can go more up I have entered tell me about your opinion down in the comment box I think you should also enter now
, it is possible to make money in stock trading. Many people have made millions just by day trading. Some examples are Ross Cameron, Brett N. Steenbarger, etc.
But the important thing about day trading is that only a few can make money out of day trading and the rest end up losing their entire capital in day trading. The number of successful people is very less even though they have good knowledge of the stock market. Day traders do tend to lose and no trader is having a 100% success rate. But all the successful traders have one thing in common that they follow a system:
Rule 1:They never over trade.
Rule 2:They always has a set target and stop loss.
Rule 3:They trade only when their trading conditions are met.
Rule 4:They understand market psychology.
Apart from following a system, day traders need a strong knowledge of technical analysis and fundamental analysis. Experienced traders always analyze their mistakes and trade only when their setup is available in the market. If anything goes out of the plan, then they close their trade and book the losses.
One must understand that the Stock market is influenced by big players like hedge Funds, Mutual Funds, FIIs, DIIs, etc. They are considered to be market movers and market makers. There is a minority of successful traders group that can take money home because they understand the psychology of the market.
One must be consistent in his or her investment to create wealth for themselves. Never take any trade impatiently. If you start buying stocks the way you buy your vegetables, then no one can stop you from creating wealth. Discipline is the key ingredient of any profitable strategy and patience is the quality of discipline and most of the people who enter the market have lack discipline and patience.
It is very obvious for day traders that their strategies do not work every day, so they adopt the market conditions and have planned their strategies as per the market conditions. On must never trade with the money that they need as they can end up wiping their trading account.
#TradeStories : Bitcoin is currently trading at $103,428.58, with a slight increase in value. According to CoinGecko, the live Bitcoin price is $103,382.45, with a 0.83% increase in the last 24 hours.
*Market Performance*: - *Market Cap*: Bitcoin's market capitalization stands at $2.05 trillion, representing a 0.75% increase. - *24-hour Trading Volume*: The 24-hour trading volume is $55.74 billion, with a 17.82% increase. - *Cir#SaylorBTCPurchase #StrategyTrade #Bitcoin❗ culating Supply*: The circulating supply of Bitcoin is 19.86 million BTC, with a maximum supply of 21 million BTC ¹.
*Recent Price Movement*: - *24-hour Range*: Bitcoin's price has ranged from $102,609.55 to $105,747.45 in the last 24 hours. - *All-Time High*: Bitcoin's all-time high price is $109,114.88, reached on January 20, 2025 ¹.
*Other Bitcoin-Related Assets*: - *iShares Bitcoin Trust ETF*: The current price of IBIT is $58.78, with a 52-week range of $28.23 to $61.75. - *Wrapped Bitcoin*: WBTC is trading at $103,418.99 ² ³#bitcoin
Time to hold Layer coin for spot trading it will be goes high after a while ( best time for earning a huge USTD.)#writetoearn #cryptouniverseofficial my#TradeOfTheWeek
Time to hold Layer coin for spot trading it will be goes high after a while ( best time for earning a huge USTD.)#writetoearn #cryptouniverseofficial my#TradeOfTheWeek